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OPINION: Indian Electric Vehicle Conundrum: A tale of opportunities amid uncertainties

As the inaugural edition of the World EV Day kicked off on 9 September 2020, the buzz around the prospects of an electrified mobility future is growing globally. While consumers, businesses and governments are proactively pushing for e-mobility, EV adoption rates in many countries, including India, paint a grim picture.This is reflected in the fact that in financial year 2019-2020, total EV sales in India accounted for less than a fraction of 1% of the sales of conventional vehicles. However, a closer look at the segment-wise sales figures shows that the public transport vehicles, in particular E-rickshaws, contribute 13% of annual three-wheeler sales as compared to a mere 0.15% of e-4W and 0.71% of e-2W sales. This brings to light two crit.....

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